Read the full judgment text of HCA 013803/1996 on BabelCite. This High Court CFI judgment was delivered on 14 January 1998.
1. The Plaintiff is claiming the sum of $160,000 from the Defendant. The background of the claim is as follows. The Plaintiff has known the Defendant since 1991. In November 1993, the Plaintiff asked the Defendant to purchase Hong Kong Land shares for him through the Defendant's account. This was the first time the Plaintiff had purchased shares. The Defendant agreed that if there was profit arising from the transaction, it would be shared equally between them, whereas if there was a loss, the D